Resolution criteria
This market resolves to YES if Polymarket officially announces or executes a refund, cancellation, or "make-whole" distribution of $1,000,000 USD/USDC or more in aggregate for a single market prior to January 1, 2028.
To qualify, the refund/make-whole event must meet one of the following:
Official Announcement: An announcement on Polymarket's official X (Twitter) account, official Discord server (e.g.,
#market-updates), or official blog/website states that they are refunding, compensating, or making users whole on a market, with the total value of the payout explicitly stated (or verifiably shown via on-chain data) to be $1,000,000 USD/USDC or more.Market Voidance/Cancellation: Polymarket cancels or voids an active market and returns the initial stakes to traders, where the total volume of returned funds is at least $1,000,000 USD/USDC.
Exclusions:
Standard contract resolutions to 50-50 (or $0.50 per share) that are executed strictly according to the initial rules of the market (e.g., a built-in rule stating "if the game is postponed, this market resolves to 50-50") do not count. However, a 50-50 resolution retroactively applied outside of the initial rules due to a technical exploit, oracle failure, or manual intervention does count if it returns $1,000,000+ to traders.
Standard fee promotions, trading rebates, or market-maker fee subsidies (such as Polymarket's Taker Fee Rebate Program) do not count.
Any third-party recovery services, legal settlements, or independent class-action payouts not directly distributed or announced by Polymarket do count if they result in Polymarket or affiliated parties paying out above the threshold for a single market.
If no qualifying refund event occurs or is announced before January 1, 2028, this market resolves to NO.
Background
Polymarket's terms of service state that transactions on the platform are "irreversible, final and there are no refunds." However, the platform has historically intervened to issue refunds or make traders whole under specific circumstances, such as when a market is released with faulty rules, posted too late, or is affected by a technical error.
Examples of prior interventions include:
Manual "Make Whole" Payouts: In rare instances of incorrect resolutions (e.g., Astros vs. Dodgers), Polymarket has refunded losing shareholders to make them whole.
Market Cancellations: In April 2026, Polymarket quietly refunded all active bets on its 2026 Kentucky Derby market and pulled the page following regulatory concerns related to the Interstate Horseracing Act.
There have been several high profile disputes over markets with hundreds of millions of dollars bet. Some traders have announced their intentions to sue Polymarket over this. There has also been reporting that Polymarket's resolution system, UMA, is concentrated and the voters often have positions on the markets they are resolving.
https://finance.yahoo.com/markets/crypto/articles/polymarket-traders-clash-over-345-190234396.html
1,000